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by Will Purcell
The diamond and specialty minerals stocks box score for Monday was a weak 73-100-117. The TSX Venture Exchange fell one point to 816 while polished diamond prices edged lower. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one cent to six cents on 10,000 shares. Pangolin has been quiet since late January, when it said it would drill its Malatswae and Moenyenana diamond projects in Botswana. It did not say when the work would start, but it promised results before the end of June. It had best get cracking.
Terry Tucker and Samer Khalaf's Tango Mining Ltd. (TGV), unchanged at three cents on 265,000 shares, says that more diamonds have been mined and sold from its Oena diamond deposit on the Orange River in South Africa. The 159.34 carats of diamonds were mined from mid-February through mid-March, as part of a due diligence investigation by Bluedust 7 Pty Ltd. The 106 diamonds, which weighed an average of 1.5 carats apiece, sold for just under $138,000 (U.S.), or $846 (U.S.) per carat. The value was helped by an 8.47-carat gem that sold for $24,530 (U.S.), nearly $2,900 (U.S.) per carat. Since Tango acquired Oena in 2014, the company has recovered 1,660 carats worth $1,150 (U.S.) per carat.
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